Richard

Bank AI

<div class="cryptonews"> 
 <p class="is-style-lead">The new CEO of the Binance exchange, Richard Teng, dodged answering a question about the location of the company’s <a rel="dofollow" title="headquarters" href="https://thebittimes.com/tag/headquarters.html">headquarters</a> and its <a rel="dofollow" title="audit" href="https://thebittimes.com/tag/audit.html">audit</a>or.</p> 
 <p>His statement was made as part of the Crypto and Digital Assets Summit organized by the Financial Times. During his speech, the new CEO of the exchange once again emphasized Binance’s “shortcomings” with respect to the company’s regulatory requirements. At the same time, Teng avoided questions related to the organization’s activities and structure.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour 
 </div> 
 <p>When about Binance’s global <a rel="dofollow" title="headquarters" href="https://thebittimes.com/tag/headquarters.html">headquarters</a>, and whether the company will be <a rel="dofollow" title="audit" href="https://thebittimes.com/tag/audit.html">audit</a>ed, or if it plans to apply for a license in the UK, Binance’s new CEO said that he had already <a rel="dofollow" title="answered" href="https://thebittimes.com/tag/answered.html">answered</a> each of the questions asked “previously.” When asked again about the <a rel="dofollow" title="headquarters" href="https://thebittimes.com/tag/headquarters.html">headquarters</a>, Teng again brushed it off, emphasizing that it was “under consideration.”</p> 
 <blockquote class="wp-block-quote"> 
  <p>“Is there a need for us to share all of this information publicly? No”</p> <cite>Richard Teng, Binance CEO</cite>
 </blockquote> 
 <p>The journalist also inquired about an <a rel="dofollow" title="audit" href="https://thebittimes.com/tag/audit.html">audit</a> of Binance. The organization’s CEO said that the exchange remains a private company, and therefore is not obliged to disclose financial data, although, according to him, regular <a rel="dofollow" title="audit" href="https://thebittimes.com/tag/audit.html">audit</a>s are still carried out.</p> 
 <p>This is Teng’s first public interview since Changpeng Zhao’s resignation in November 2023. The former head of Binance is awaiting trial in February 2024. He is also required to pay a multi-million dollar fine for violating the Bank Secrecy Act.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> New Binance CEO says company fundamentals remain strong despite $4.3b DoJ fine 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/inquiry-on-binance-headquarters-and-audit-left-unanswered-by-new-ceo-richard-teng-tbt72763.html">https://thebittimes.com/inquiry-on-binance-headquarters-and-audit-left-unanswered-by-new-ceo-richard-teng-tbt72763.html</a></p>

Inquiry on Binance headquarters and audit left unanswered by new CEO Richard Teng

TheBitTimes

Other articles published on Dec 6, 2023

Is it Too Late to Buy Chimpzee? No, But You Have Just 3 More Days to Secure the Meme Coin For Pre...

Crypto Regulation Developments and New Bitcoin Predictions

Coinbase Exchange to Increase Leverage for Bitcoin, Ethereum, and Other Altcoins: Here are the De...

Venture Capital Revival: Crypto and Web3 Investments Surge Amid Bitcoin Rise

Google Bard predicts Solana price for 2024

Examining the factors behind Pepe’s sudden price surge

Join our free newsletter for daily crypto updates!